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On January 1, 2021, the stockholders' equity section of Atlantic Corporation's balance sheet reported the following: Common stock, par $1, authorized 100,000 shares, issued 15,000

On January 1, 2021, the stockholders' equity section of Atlantic Corporation's balance sheet reported the following:

Common stock, par $1, authorized 100,000 shares,

issued 15,000 shares

$15,000

Additional paid-in capital

150,000

Retained earnings

200,000

During 2021, the following transactions occurred (assume they occurred in the order given):

March 1

1,000 shares of treasury stock were purchased at $15 per share.

May 1

Issued a 10% stock dividend when the market price was $18. The stock dividend is considered small.

September 1

Announced 2 for 1 stock split

December 1

Declared and paid a cash dividend of $2 per share.

Required:

Journalize all the transactions listed above for equity during 2021.

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